Valuation criteria: Will AMCON walk the talk?

Valuation criteria: Will AMCON walk the talk?

Cautious optimism have greeted the valuation criteria issued by Asset Management Company of Nigeria (AMCON) last week for purchasing bad debts from banks as industry experts said that translating words in to action is the litmus test the company must pass to gain market confidence and unlock the flow of credit into the economy.
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2011: Fresh threats to polls

2011: Fresh threats to polls

Five months to the April 2011 general polls, a thick cloud of uncertainty is still covering the exercise. And this is in spite of assurances by President Goodluck Jonathan and Chairman of the Independent National Electoral Commission, INEC, Prof Attahiru Jega, that the nation would witness free and fair elections next year.

PHCN unionists and the rest of us

PHCN unionists and the rest of us

AFTER reading a memo to the Union of Electricity Employees (NUEE) signed by the secretary, one Joseph Ajaero, asking members to pray against the success of the power sector reform, it became instantly clear that the enemies of progress are hard at work!

Ondo unveils mortgage system to boost house ownership

Ondo unveils mortgage system to boost house ownership

The Ondo State government has introduced a mortgage system that will enhance the capacity of its indigenes to own their own homes.
State Commissioner for Land & Housing, Alhaji Sikiru Basaru, stated this int Akure, the State capital, during a facility tour of some of the housing schemes being undertaken by the state government. He encouraged indigenes of the state to take advantage of the mortgage system to subscribe to the houses.

Politicising criminality

Politicising criminality

ON Monday, November 8, 2010, Vanguard carried a front page story and interview with a fellow who claimed to be the most wanted criminal, Obioma Nwankwo, alias Osisi ka nkwu, believed to be behind the scourge of kidnappings, violent robberies and killings in Aba and environs.

Ghanaian insurers tasked on capacity, capital for oil & gas

Ghanaian insurers tasked on capacity, capital for oil & gas

For Insurance companies in Ghana to actively and effectively participate in oil and gas business in that country, they must endeavour to shore up their capacity and capital adequately in order to write the risk without inhibitions.

Dangote Group offers discount at Lagos, Kano trade fairs

Dangote Group offers discount at Lagos, Kano trade fairs

As part of strategies to expand market share and reach more customers, companies under the Dangote Group have decided to offer discount in all their goods as they storm the two international trade fairs kicking off this week in both Lagos and Kano.

Lords’ Ryder Cup: When promo meets CSR

Lords’ Ryder Cup: When promo meets CSR

Golf anywhere in the world has the reputation of being an elitist game. No wonder Grand Oak Ltd and its gin brand _ Lords Dry Gin, in a bid to create an experience around the brand, facilitated two Nigerian Golfers as part of the recently concluded Ryder Cup which held in the 2010 course at the Celtic Manor Resort, South Wales England, United Kingdom.

‘Mortgage less than 5% of housing finance in Nigeria’

‘Mortgage less than 5% of housing finance in Nigeria’

The mortgage sector is said to account for less than five percent of total funds for housing development in Nigeria.Mr. Sonnie Ayere, a Principal Partner at Dunn Lorren Merrifield and Adekunle Omotola & Co, said this at the recently concluded Kuramo Conference organised by the Lagos State Government, in Lagos, where issues of housing development and options for sustainable mortgage financing in the country were addressed.

FHA seeks private partnership for estates rehabilitation

FHA seeks private partnership for estates rehabilitation

The Federal Housing Authority (FHA) is exploring the possibility of engaging private investors, both local and international, in the rehabilitation of some of its dilapidated housing estates across the country.

NSE: Investment value slides N63bn

NSE: Investment value slides N63bn

Activities on the Nigerian Stock Exchange (NSE) last week, closed on a bearish note, as equities value represented by the market capitalisation dipped by N62.91 billion.

Abuse of Presidential pension list

Abuse of Presidential pension list

THE National Assembly’s passage of the law awarding more perks for Nigeria’s former leaders cannot stand. It proposes glaring abuses.

Shippers line-up against US 100% air cargo screening

Shippers line-up against US 100% air cargo screening

Shippers have come out against US proposals for 100% of air cargo to be screened before loading onto freighters.Andrew Traill, Managing Partner of online forum Shippers’ Voice, and Policy Director at the European Shippers’ Council, said the proposal would harm international trade and would be ineffective.

Nwodo and Enugu politics

Nwodo and Enugu politics

IT is utterly amazing that a man who had been in a political lacuna for a sustained period of time was thrown a political lifeline and climbs unexpectedly back to a great height through a particularly strong ladder literally, only to dramatically jettison the same resilient ladder he used in getting back to the top as not being fit for that purpose, within just a few months of exploiting the same ladder.